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City

NatWest boss refuses summons by MPs probing savings rates

The boss of NatWest has refused a request to appear in front of MPs to answer questions on why banks are being slow to pass on higher interest rates to savers. Chief executive Alison Rose has told MPs on the Treasury Select Committee that she does ...

01 Feb 2023 at 18:15

Personal Finance

Average 27-minute wait on HMRC self-assessment helpline in January

People calling HM Revenue & Customs’ self-assessment helpline have faced a 27-minute waiting time on average so far this month. In December, the average waiting time was 28 minutes, according to a letter from HMRC chief executive Jim Harra, ...

25 Jan 2023 at 10:23

Banks should increase returns on savings amid interest rate rises, says top Tory

Banks should increase returns on savings as interest rates rise, a senior Tory has told the Commons. Harriett Baldwin, the Conservative chairwoman of the Treasury Select Committee, suggested banks should take the step if they are also ...

13 Jun 2023 at 14:22

Personal Finance

Concerns raised about ‘short notice’ of self-assessment helpline changes

The head of a powerful committee of MPs has raised concerns about a decision to close off the main self-assessment helpline over the summer. HM Revenue & Customs (HMRC) announced last week that it will pilot a new “seasonal model” ...

13 Jun 2023 at 14:04

City

MPs launch inquiry into sexism in the City after sector rocked by scandals

A group of MPs have launched a probe into sexism and misogyny in the City after recent months have unveiled sexual assault allegations by female staff members at influential businesses. The Treasury Committee, which scrutinises ...

14 Jul 2023 at 11:41

Personal Finance

Savings providers must keep customers informed about available rates – watchdog

Savings providers will have to make sure customers are kept adequately informed of available interest rates and consider additional switching support for groups who could be better off, the head of the City regulator has said. ...

18 Jul 2023 at 11:34

Hunt claims tax rises needed to fund Labour’s £28bn green spending pledge

Income tax would need to rise by 4% to fund Labour’s £28 billion green spending pledge, according to Jeremy Hunt. The Chancellor also claimed that an alternative approach to increase spending by £28 billion while sticking to ...

07 Feb 2024 at 09:47

Top Labour donors would not get ‘automatic pass’ to honours, party chair says

Major Labour donors would not get an “automatic pass” to receiving honours if the party wins power, its chairwoman said as she criticised Rishi Sunak for recommending a knighthood for a top Tory backer. Businessman Mohamed ...

29 Mar 2024 at 09:54

City

MPs criticise UK banks after HSBC profits surge on higher interest rates

MPs and activists have criticised the UK banking sector after HSBC became the latest bank to report surging profits as it benefited from higher interest rates squeezing borrowers. The global banking giant saw its pre-tax ...

01 Aug 2023 at 16:42

City

Promised reforms to City ‘feel like a damp squib’, says Treasury Committee

A set of reforms to the City promised by the Chancellor last year have been left feeling like a “damp squib” as much of what he said he has delivered has not materialised, an influential group of MPs has said. The ...

08 Dec 2023 at 00:01

Strategy needed to counteract Russian influence in Sudan, former minister says

The Government should have a strategy to counteract the growing influence of Russia in Sudan, a Tory former defence minister has said, as the north-east African country continues to face a “horrendous crisis”. ...

03 Sept 2024 at 14:36

Major Tory donor and four Conservative MPs given honours

A major Tory donor and four MPs have been awarded honours on the recommendation of Rishi Sunak. Businessman Mohamed Mansour, who gave £5 million to the Tories in 2023 and is a senior treasurer at the party, ...

28 Mar 2024 at 19:27

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